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Sell-side advisory to Volt Elektrik’s shareholders in selling 100% stake in Volt to Saya Group

Established in 1966, Volt is a leading manufacturer of electric motors in Turkey. The Company’s product line mainly includes asynchronous single and three phase asynchronous motors, centrifugal pump motors, centrifugal pump motors with run capacitors, and special purpose motors.  The Company enjoys a strong market position via its superior product range and quality, and its broad dealer network in Turkey, with an estimated market share of ca. 30% in the small electric motors segment.  The Company has more than 200 employees and operates out of its 28,000 sqm state-of-the art manufacturing plant in Izmir.

Saya Group was established in early 2006 by Sancak family with a view to replicate the family’s success in the pharmaceuticals and cosmetics sectors within Hedef Group.  Saya Group’s initial investments include real estate and construction, retail, mining and pharmaceuticals (Pharmactive).

Saya Group acquired 100% of Volt.